Dynamic Technology Lab Private Ltd Purchases Shares of 12,196 Veralto Corporation $VLTO

Key Points

• Dynamic Technology Lab Private Ltd acquired 12,196 shares of Veralto Corporation (NYSE:VLTO) for approximately $1.19 million, highlighting increased institutional interest in the company.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, reducing her position by 9.11% while retaining over 106,000 shares valued at around $11 million.
• Veralto's recent earnings report showed a **6.4% revenue increase** year-over-year, with a net margin of 16.65%, and it has set an EPS guidance between **$3.720 and $3.800** for FY 2025.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,196 shares of the company's stock, valued at approximately $1,189,000.

Several other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Veralto in the first quarter valued at about $172,399,000. Alliancebernstein L.P. lifted its stake in Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock valued at $607,656,000 after buying an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock valued at $1,027,264,000 after buying an additional 811,843 shares during the period. JPMorgan Chase & Co. lifted its stake in Veralto by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after buying an additional 682,123 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Veralto by 13.6% in the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Trading Down 0.1%

Shares of Veralto stock traded down $0.09 during trading hours on Friday, hitting $109.02. The company's stock had a trading volume of 1,253,217 shares, compared to its average volume of 877,373. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The stock has a 50 day moving average of $105.52 and a 200 day moving average of $99.95. The company has a market capitalization of $27.05 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.Veralto's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

VLTO has been the topic of several analyst reports. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price target on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.